Acctg1 - Chapter 3

Objectives:

3.1 - I can define accounting terms related to analyzing transactions into debit and credit parts.

3.2 - I can identify accounting practices related to analyzing transactions into debit and credit parts.

3.3 - I can use T accounts to analyze transactions showing which accounts are debited or credited for each transaction.

3.4 - I can analyze how transactions to set up a business affect accounts.

3.5 - I can analyze how transactions affect owner’s equity accounts.